Can I retire at age 56 with 2,650,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$218,835$216,885$214,983$213,127$211,315$209,457
2 years$108,334$106,316$104,361$102,465$100,626$98,754
3 years$71,505$69,479$67,528$65,650$63,841$62,013
4 years$53,094$51,074$49,143$47,297$45,532$43,761
5 years$42,051$40,043$38,137$36,329$34,613$32,905
6 years$34,691$32,698$30,821$29,053$27,388$25,745
7 years$29,436$27,460$25,612$23,886$22,274$20,697
8 years$25,496$23,538$21,721$20,037$18,478$16,967
9 years$22,434$20,494$18,708$17,067$15,561$14,116
10 years$19,985$18,065$16,310$14,712$13,259$11,878
11 years$17,983$16,082$14,359$12,804$11,403$10,086
12 years$16,316$14,434$12,744$11,231$9,882$8,627
13 years$14,907$13,044$11,386$9,915$8,617$7,423
14 years$13,699$11,857$10,230$8,801$7,554$6,419
15 years$12,654$10,831$9,236$7,849$6,651$5,573
16 years$11,740$9,938$8,374$7,028$5,878$4,857
17 years$10,935$9,152$7,620$6,315$5,212$4,245
18 years$10,220$8,457$6,956$5,691$4,634$3,719
19 years$9,581$7,838$6,368$5,142$4,131$3,266
20 years$9,007$7,283$5,844$4,657$3,689$2,873
21 years$8,487$6,784$5,376$4,227$3,302$2,532
22 years$8,016$6,333$4,954$3,843$2,959$2,235
23 years$7,587$5,923$4,575$3,500$2,657$1,975
24 years$7,193$5,549$4,231$3,192$2,388$1,747
25 years$6,832$5,208$3,918$2,915$2,149$1,547
26 years$6,499$4,895$3,634$2,666$1,935$1,371
27 years$6,192$4,606$3,375$2,440$1,745$1,216
28 years$5,906$4,341$3,137$2,235$1,575$1,079
29 years$5,641$4,095$2,919$2,050$1,422$958
30 years$5,394$3,867$2,719$1,881$1,285$851
31 years$5,164$3,656$2,535$1,728$1,161$757
32 years$4,948$3,459$2,365$1,588$1,051$673
33 years$4,746$3,276$2,209$1,460$951$598
34 years$4,556$3,105$2,064$1,344$861$532
35 years$4,377$2,945$1,929$1,237$780$474
36 years$4,209$2,795$1,805$1,139$706$422
37 years$4,050$2,655$1,689$1,050$640$376
38 years$3,900$2,523$1,582$967$580$335
39 years$3,758$2,399$1,482$892$526$298
40 years$3,623$2,282$1,389$823$477$266
41 years$3,495$2,173$1,303$759$433$237
42 years$3,374$2,069$1,222$701$393$211
43 years$3,258$1,971$1,147$647$357$188
44 years$3,149$1,879$1,076$597$324$168
45 years$3,044$1,792$1,011$551$294$149
46 years$2,944$1,710$949$509$267$133
47 years$2,849$1,631$892$471$242$119
48 years$2,758$1,557$838$435$220$106
49 years$2,671$1,487$788$402$200$94
50 years$2,587$1,421$740$371$182$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,650,000, adding $2,648 every year, while hoping to spend $38,069 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 66/9/25 Blend
55$2,650,000$2,650,000$2,650,000$2,650,000
56$2,923,031$2,782,581$2,741,506$3,096,801
57$3,180,675$2,878,423$2,792,842$3,309,966
58$3,463,323$2,977,684$2,844,621$3,538,393
59$3,773,485$3,080,494$2,896,819$3,787,278
60$4,113,926$3,186,983$2,949,407$4,058,638
61$4,487,691$3,297,291$3,002,357$4,354,692
62$4,898,137$3,411,558$3,055,637$4,677,887
63$5,348,957$3,529,935$3,109,211$5,030,915
64$5,844,224$3,652,576$3,163,044$5,416,744
65$6,388,424$3,779,641$3,217,094$5,838,639
66$6,986,496$3,911,296$3,271,320$6,300,201
67$7,643,885$4,047,716$3,325,676$6,805,392
68$8,366,588$4,189,081$3,380,113$7,358,579
69$9,161,213$4,335,578$3,434,579$7,964,572
70$10,035,037$4,487,402$3,489,018$8,628,670
71$10,996,082$4,644,756$3,543,371$9,356,709
72$12,053,184$4,807,851$3,597,576$10,155,121
73$13,216,079$4,976,906$3,651,565$11,030,991
74$14,495,493$5,152,148$3,705,266$11,992,122
75$15,903,246$5,333,816$3,758,605$13,047,115
76$17,452,360$5,522,156$3,811,501$14,205,443
77$19,157,183$5,717,424$3,863,869$15,477,545
78$21,033,526$5,919,888$3,915,619$16,874,923
79$23,098,809$6,129,826$3,966,655$18,410,247
80$25,372,226$6,347,526$4,016,877$20,097,480
81$27,874,928$6,573,290$4,066,177$21,952,006
82$30,630,220$6,807,430$4,114,443$23,990,776
83$33,663,781$7,050,272$4,161,556$26,232,467
84$37,003,907$7,302,157$4,207,389$28,697,659
85$40,681,779$7,563,435$4,251,809$31,409,029
86$44,731,753$7,834,476$4,294,677$34,391,565
87$49,191,688$8,115,662$4,335,845$37,672,799
88$54,103,301$8,407,390$4,375,157$41,283,072
89$59,512,562$8,710,076$4,412,448$45,255,815
90$65,470,125$9,024,151$4,447,547$49,627,865
91$72,031,808$9,350,066$4,480,271$54,439,818
92$79,259,121$9,688,288$4,510,429$59,736,405
93$87,219,843$10,039,304$4,537,819$65,566,915
94$95,988,660$10,403,624$4,562,229$71,985,667
95$105,647,878$10,781,776$4,583,438$79,052,512
96$116,288,190$11,174,311$4,601,212$86,833,407
97$128,009,536$11,581,804$4,615,303$95,401,032
98$140,922,049$12,004,852$4,625,456$104,835,477
99$155,147,087$12,444,079$4,631,398$115,224,999
100$170,818,385$12,900,134$4,632,845$126,666,853